Definition:Base Period

Definition

A base period is a time period used as a reference point for comparing variables such as an index number

The index number for that base period is usually assigned a round number, for example $100$ of $1000$.

Also see

• Results about base periods can be found here.

Sources

• 2014: Christopher Clapham and James Nicholson: The Concise Oxford Dictionary of Mathematics (5th ed.) ... (previous) ... (next): base period
• 2021: Richard Earl and James Nicholson: The Concise Oxford Dictionary of Mathematics (6th ed.) ... (previous) ... (next): base period